How to Audit Revenue

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AUREVESB

audit revenue

Description:
This course clarifies for the auditor every action needed to audit revenue. It describes the characteristics of revenue from an auditing perspective, and then goes on to describe the steps required to audit revenue. Background information concerning revenue recognition is also included, such revenue recognition rules, consignment arrangements, customer acceptance issues, revenue fraud, and revenue controls. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: May  2018

Format: PDF
Pages: 48

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the various accounts that comprise an organization’s revenue.
  • Describe the different types of revenue fraud arrangements.
  • Cite the methods used by an auditor to audit revenue.
  • Identify the circumstances under which a contract does and does not exist.
  • Recognize the steps used in the revenue recognition process.
  • Describe how and when the expected value method is used.
  • Recognize the accounting rules that apply to noncash assets, nonrefundable fees, and customer acceptance.

Description:
This course clarifies for the auditor every action needed to audit revenue. It describes the characteristics of revenue from an auditing perspective, and then goes on to describe the steps required to audit revenue. Background information concerning revenue recognition is also included, such revenue recognition rules, consignment arrangements, customer acceptance issues, revenue fraud, and revenue controls. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: May  2018

Format: PDF
Pages: 48

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the various accounts that comprise an organization’s revenue.
  • Describe the different types of revenue fraud arrangements.
  • Cite the methods used by an auditor to audit revenue.
  • Identify the circumstances under which a contract does and does not exist.
  • Recognize the steps used in the revenue recognition process.
  • Describe how and when the expected value method is used.
  • Recognize the accounting rules that apply to noncash assets, nonrefundable fees, and customer acceptance.
  • “Thank you for a high quality CPE resource. As a CPA in a small nonprofit, I find your library quite helpful to meet my needs. I appreciate the service.”- 

    - Cheryl

  • Overall I was very pleased with the course. Previously I knew just enough about pivot tables to be dangerous. Now I see the power that they have and I feel much more confident using pivot tables. The course materials were very clear and well prepared. I’ll be looking at your website for future CPE hours.

    - Scott

  • “Excellent Regulatory Review Course. The self-study format (E-Book) provided an excellent overview of the regulatory requirements for California CPAs. I will be using the E-Book as  a reference material. Thank you for providing a very comprehensive yet affordable option for this required CPE.”

    - Constance